Lake Shore Bancorp

LSBK

Market cap $102M

Overview Fund Activity

12.99 USD

-0.03

0.23%

At close Updated Sep 12, 4:00 PM EDT

1 day

-0.23%

5 days

-1.59%

1 month

1.88%

3 months

-17.78%

6 months

-20.06%

Year to date

-2.18%

1 year

0.31%

5 years

-0.08%

10 years

-3.78%

About: Lake Shore Bancorp Inc operates as a savings and loan holdings company. The bank's business consists of attracting retail deposits from the general public in the areas surrounding its branch offices and investing those deposits, together with funds generated from operations, in commercial real estate loans, one-to-four family residential mortgage loans, home equity lines of credit and to a lesser extent, commercial business loans, consumer loans, and investment securities. Its revenues are principally derived from interest earned on loans and investment securities.

Employees: 100

Financials Banks - Regional

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

20% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 5

5% more funds holding

Funds holding: 19 [Q1] → 20 (+1) [Q2]

1% more capital invested

Capital invested by funds: $7.73M [Q1] → $7.8M (+$69.4K) [Q2]

0.03% more ownership

Funds ownership: 8.54% [Q1] → 8.57% (+0.03%) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Financial journalist opinion

Lake Shore Bancorp Looks Promising After Stock Conversion

Lake Shore Bancorp's mutual-to-stock conversion and strong Q2 earnings have driven a 30% YTD stock gain, yet shares remain undervalued at 0.82x book value. The bank reported its best profit numbers in a decade, with net interest margin and non-interest income both rising and credit quality improving. Risks include heavy concentration in real estate loans and a limited geographic footprint in a competitive Western New York market dominated by larger banks.

Lake Shore Bancorp Looks Promising After Stock Conversion

Lake Shore Bancorp, Inc. Announces Second Quarter 2025 Financial Results

DUNKIRK, N.Y., July 23, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the new holding company for Lake Shore Bank (the “Bank”), reported unaudited net income of $1.9 million, or $0.34 per diluted share, for the second quarter of 2025 compared to net income of $1.1 million, or $0.19 per diluted share, for the second quarter of 2024. For the first six months of 2025, the Company reported unaudited net income of $3.0 million, or $0.53 per diluted share, as compared to $2.1 million, or $0.36 per diluted share, for the first six months of 2024. The Company's financial performance for the second quarter of 2025 was positively impacted by an increase in net interest income and non-interest income along with a decrease in non-interest expenses as a result of strategic balance sheet management, continuing efforts to optimize operating expenses, and reducing reliance on wholesale funding.

Lake Shore Bancorp, Inc. Announces Second Quarter 2025 Financial Results

Lake Shore Bancorp Announces Closing of Conversion Transaction

DUNKIRK, N.Y., July 18, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (“Lake Shore Bancorp”) (NASDAQ: LSBK), the new holding company for Lake Shore Bank (the “Bank”), announced that the conversion of Lake Shore, MHC from mutual to stock form, the related stock offering by Lake Shore Bancorp and the Bank's conversion from a federal savings bank to a New York chartered commercial bank closed following the close of business today. Lake Shore Bancorp's common stock is expected to begin trading on the Nasdaq Global Market under the trading symbol “LSBK” on July 21, 2025.

Lake Shore Bancorp Announces Closing of Conversion Transaction

Lake Shore Bancorp Announces Closing Date of Conversion Transaction and Results of Stock Offering

DUNKIRK, N.Y., July 08, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (“Lake Shore Federal Bancorp”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that all regulatory approvals have been received to close the conversion of Lake Shore, MHC from mutual to stock form and the related stock offering by Lake Shore Bancorp, Inc. (“Lake Shore Bancorp”), the proposed new stock holding company for Lake Shore Bank and the Bank's conversion from a federal savings bank to a New York chartered commercial bank.

Lake Shore Bancorp Announces Closing Date of Conversion Transaction and Results of Stock Offering

Lake Shore Bancorp, Inc. Announces Results of Special Meetings of Stockholders and Members

DUNKIRK, N.Y., July 01, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (“Lake Shore Federal Bancorp”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that at special meetings held on July 1, 2025, the stockholders of Lake Shore Federal Bancorp and the members of Lake Shore, MHC (depositors of the Bank) approved the Amended and Restated Plan of Conversion and Reorganization in connection with Lake Shore, MHC's previously announced plan to convert from the mutual holding company to the fully public stock holding company form of organization and the Bank's conversion from a federal savings bank to a New York chartered commercial bank.

Lake Shore Bancorp, Inc. Announces Results of Special Meetings of Stockholders and Members

Lake Shore Bancorp, Inc. Announces Commencement of Stock Offering

DUNKIRK, N.Y., May 23, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (“Lake Shore Federal Bancorp”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that Lake Shore Bancorp, Inc. (“Lake Shore Bancorp”), a newly formed Maryland corporation and the proposed successor holding company of the Bank, is commencing its offering of common stock in connection with the proposed conversion of Lake Shore, MHC from a mutual holding company to a stock holding company. As part of the conversion, the Bank will convert its charter to a New York commercial bank and will be renamed Lake Shore Bank.

Lake Shore Bancorp, Inc. Announces Commencement of Stock Offering

Lake Shore Bancorp, Inc. Announces First Quarter 2025 Financial Results

DUNKIRK, N.Y., April 29, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.1 million, or $0.19 per diluted share, for the first quarter of 2025 compared to net income of $1.0 million, or $0.17 per diluted share, for the first quarter of 2024. The Company's financial performance for the first quarter of 2025 was positively impacted by an increase in net interest income along with a decrease in non-interest expenses because of efforts to optimize operating expenses while continuing to reduce its reliance on wholesale Federal Home Loan Bank of New York ("FHLBNY") funding by $6.3 million.

Lake Shore Bancorp, Inc. Announces First Quarter 2025 Financial Results

Lake Shore Bancorp, Inc. Declares Fourth Quarter 2024 Dividend

DUNKIRK, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock on January 27, 2025. The dividend is expected to be paid on February 14, 2025 to stockholders of record as of February 10, 2025. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the “Reserve Bank”) on January 9, 2025 to pay a cash dividend of $0.18 per share to its stockholders.

Lake Shore Bancorp, Inc. Declares Fourth Quarter 2024 Dividend

Lake Shore Bancorp, Inc. Announces Fourth Quarter 2024 and Year End Financial Results

DUNKIRK, N.Y., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.5 million, or $0.26 per diluted share, for the fourth quarter of 2024 compared to net income of $749,000, or $0.13 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported unaudited net income of $4.9 million, or $0.88 per diluted share, as compared to $4.8 million, or $0.82 per diluted share for the year ended December 31, 2023. The Company's 2024 financial performance was positively impacted by a decrease in non-interest expenses as a result of efforts to optimize operating expenses while reducing its reliance on wholesale funding by $41.0 million.

Lake Shore Bancorp, Inc. Announces Fourth Quarter 2024 and Year End Financial Results

Lake Shore Savings Bank Announces Termination of OCC Consent Order

DUNKIRK, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- On December 3, 2024, Lake Shore Savings Bank (“Bank”), the wholly-owned federal savings bank subsidiary of Lake Shore Bancorp, Inc. (“Company”) received termination notice of the Consent Order by the Office of the Comptroller of the Currency (“OCC”), the Bank's primary federal regulator. The Consent Order required the Bank to correct deficiencies related to information technology, security, automated clearing house, audit, management, and Bank Secrecy Act / Anti-Money Laundering. In addition to the termination of the Consent Order, the OCC terminated the “Troubled Condition” status.

Lake Shore Savings Bank Announces Termination of OCC Consent Order

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